KUALA LUMPUR, 15 OCTOBER 2024 – Customers can now enjoy a fully online
onboarding experience when applying for Hong Leong Investment Bank (“HLIB” or the
“Bank”) accounts and products, including for the Shariah Trading Account which allows
customers to access, buy, and trade stocks which are Shariah-compliant.
This is in line with the Bank’s commitment to making investments more accessible and
convenient for customers. By enhancing its digital investment platforms and optimizing its
onboarding processes, HLIB is taking another step forward to ensure that our investors can
start and grow their investment portfolios with ease from anywhere, at any time.
The Shariah Trading Account is designed to cater to the growing demand for Shariah-
compliant investment solutions. The comprehensive trading account enables investors to
trade in a wide range of Shariah-compliant securities on the Bank’s digital trading platforms,
including HLeBroking and HLeBroking Mobile, and is equipped with Shariah indicators for
Shariah-compliant stocks.
Lee Jim Leng, Group Managing Director of HLIB, commented, At HLIB, we are
committed to providing our customers with an end-to-end investment experience which
provides widespread access to a variety of investment options. Ensuring a fully digital
onboarding experience, especially for our Shariah Trading Account, is a testament to our
ongoing efforts to enhance our digital capabilities and build solutions around the needs of
our customers. We believe that this will provide our customers with greater convenience and
accessibility, allowing investors to start and grow their Shariah or conventional portfolios
from anywhere, at any time.”
In line with the Bank enhancing its digital investment offerings for customers, HLIB has also
announced the launch of HLeBroking Flexi Trade. Flexi Trade offers customers additional
trading limits based on cash or shares on hand, while enabling customers to enjoy attractive
brokerage rates of as low as 0.08% when trading with cash upfront. For trading limits in
excess of cash upfront, customers can also enjoy brokerage fees of 0.18% for contracts
worth RM100,000 and above, and 0.38% for contracts below RM100,000.
This flexible trading feature provides other exciting benefits, including a limit that is double
the cash pledged and up to three times the share value pledged as collateral. It also offers
customers immediate trade confirmation and online settlement, while providing
complimentary access to HLIB’s industry-leading trading tools and market research.
Online onboarding for the Shariah Trading Account and HLeBroking Flexi Trade are now
available to all HLIB customers.
